The Middle Class Tax Hike
By Mitch Berg
Obamacare won’t raise taxes on the middle class!
Just on big bad businesses, usually owned by “the 1%”!
And they’ll just eat those taxes, right?
Well, no – in a number of senses, you will.
10 Responses to “The Middle Class Tax Hike”
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August 9th, 2012 at 10:03 am
Corporations don’t pay taxes. Their customers pay them.
August 9th, 2012 at 1:36 pm
Well, certainly in the ones that manage to stay in business.
August 9th, 2012 at 2:42 pm
What a load of baloney.
Executive compensation has lost any constructive relationship to performance, and it has been taken away from the real owners of companies – the stock holders.
What business does or does not do is far more closely related to the stock market performance which has been excellent under Obama. It has rebounded very quickly after the deficit exploding Bush tax cuts, and the other Bush/conservative policies which derailed the economy.
Conservative tax policies, like the Bush Tax Cuts, disproportionately shifted burdens to the middle class, while giving grossly unfair tax advantages to the 1%.
So, YES, I do expect them to eat the tax changes that will more fairly tax the 1% and corporations. I’d also like to see control of executive compensation return to the real owners of those corporations – the share holders. Currently business costs, like executive compensation, is out of control and the corporate owners – those share holders – don’t get to make the decisions about paying those executive employees — and they should!
http://en.wikipedia.org/wiki/Executive_pay_in_the_United_States
http://www.nytimes.com/2012/06/17/business/executive-pay-still-climbing-despite-a-shareholder-din.html?pagewanted=all
Those poor 1%-er executives can tighten THEIR belts for a change and pony up a more fair share of taxes, and they can cut back on their corporate welfare while they are at it too. That would be returning to better business practices that would make them more competitive than the current wealth and income disparity; the 1% and corporations are killing the goose that lays the golden eggs – the middle class. Time for them to be on the receiving end of the proverbial economic hair cut.
August 9th, 2012 at 6:34 pm
Wow. I should have “DR;dr”. What a boatload of stupid.
August 9th, 2012 at 6:38 pm
s/DR/DG/ — I was thinking “she should see a doctor”.
August 9th, 2012 at 6:59 pm
DG The Bush tax cuts had the effect of removing more people from the burden of paying income taxes than any other tax cut in history. The bottom 50% in effect pay no income tax, the top 1% pay 40% of the total, which is up from a few years ago. So your “shifted the burden to the middle class”, has, as usual, no basis in reality.
August 9th, 2012 at 7:02 pm
DG The Bush tax cuts had the effect of removing more people from the burden of paying income taxes than any other tax cut in history. The percentage the top pays has gone up from a few years ago. So your “shifted the burden to the middle class” has, as usual, no basis in reality.
August 9th, 2012 at 9:58 pm
So, YES, I do expect them to eat the tax changes that will more fairly tax the 1% and corporations.
Demonstrating her A+ grades in Econ 101.
August 9th, 2012 at 11:26 pm
1) I agree with the whole “fair share” concept. It’s time for those who pay no federal income taxes to start paying their “fair share” as well.
2) Give me a number. What is the left’s definition of “fair share”?
August 10th, 2012 at 11:55 am
Q) “What is the left’s definition of “fair share”?”
A) Two from you, none from me.